Member Info for bignose58

They would need to make an agreement with Haleon China first, although surely it would be quicker and more productive to use one of the local big companies since Haleon is a new company.

I'm afraid that tepid market reaction will only turn into something less invigoration since the M&M's will not want to keep it at its current level but will allow it to slip much further downwind due to the amount of time its going to take to reach the goalposts, i.e another 18 months at least.

Pretty obvious the M&M's got wind of the announcements contents since they started to lifted the price from the beginning of last week.

One more point which I cannot seem to understand is. Although JG stated that the agreement with Genetic was actually made in March this year and the statement made by JM was incorrect, how could he also state that the NMPA submission would be made by the end of Q1 this year if the agreement wasn't even agreed back then ???

And of Course, the big question is. How are Genetic going to supply Chine out of a production of only 30k cans every 4 months ??? This needs to be addressed and the market updated.

And what has happened to Israel ? An agreement was signed in Dec 2021. Yet, shareholders have received no further information. Have the recent events put the whole license agreement on hold ? I wouldn't say it is exactly a "force majeure" since it was created by different parties ?

Morning The.Italian.

Although it can be regarded as positive in a small way, I am disappointed that it has taken nigh on 5 months to sign an agreement which was agreed in March. ref my question to JG regarding the timing..

According to the chairman's statement an agreement was finalised by the end of 2023 yet we are now 6 months in and still no progress has been made, otherwise it would have been announced

You are correct, this is the wording that appeared in the Chairman’s statement but this is correct as at 27 March 2024 (and not 31 December 2023). “We are just waiting for Wanbang Biopharmaceutical, our commercial strategic partner for China, and the contract manufacturer to enter into the manufacturing and supply agreement as the agreement has now been finalised [as at 31 March 2024]. Once this has been done, the NDA will be submitted to the NMPA and we expect to receive marketing authorisation within 12 months provided that there are no deficiencies received from the NMPA. Once approved, the Group expects to receive US$5 million (before withholding tax) and US$2 million (before withholding tax) on commercialisation in China.”

What is interesting is this statement "Rest assured, we are pushing the parties as hard as we possibly can and of course we will update the market via the appropriate announcement". Yet they now appear to insinuate that it wasn't necessary to make the statement since is voluntary. ?

The point I am making is: Why has it taken 5 months just for a signature? We now have to wait god knows how many months for them to receive the data, since JG also states "but in any event no later than 3 months of receipt of the manufacturing information", however. Given it took 5 months just to sign an already agreed agreement, its bound to take just as long to receive the data and then another supposed 3 months to translate and include it in the submission. Given RPG's track record on constantly not achieving announced timelines, I will be very surprised if the submission is actually made before the end of the year. We then have to wait a year for approval and possible another year for them to commercialise the product (ref Haleon and Eroxon which is over a year so far).

We then, again, have the money problem as the current loan by JM runs out mid next year....what then ?

Also, I have this niggling feeling that a second amended agreement may have been made with Recordati since the original agreement (as much as we know) didn't mention OTC and given the price/can has dropped 60%, surely Recordati will want a larger %, which leads to the question: How are the projected sales, as included in the past presentations, impacted by these changes. There has been no further projections whatsoever after 2019 which provides inventors with information as to whether there is still a worthwhile market ?

That should have been “17% difference”

Over 17% on 2 sells, one above the line and one below, making no sense whatsoever.

Morning The.Italian.

Yes, even if there are not so many free shares about, the SP has risen more than the usual amount. Since the beginning of last week, it’s risen now by a substantial amount % wise. More than likely a leak of what may be included in the half year report?

Up again this morning. Seems to me that there is a little more interest on the prospect of the Chinese submission. I wonder if something will be included in the interims to say the submission has been made ?

I don't expect to read about it in a separate announcement since JG appears to have lost interest in PI's (probably since he and Jim's mates now own 60% of the company). Will certainly be an interesting to read.... or not....lol

I'm certainly not going to get myself worked up over the DLI since so far it has only cost us shareholders money with no projected returns. As discussed before, RPG certainly do not keep the market updated as they should, even just to bolster a disastrously low SP.

Morning The.Italian, I'm not sure if it is just lack of liquidity since the M&Ms must be sitting on a lot of shares from all the depressing sales (there never was any matching of buys and sells shown, which I believe is because the M&Ms were purchasing). Anyway, we will find out if there is any news in the next day or two, if not this evening although RPG never appear to make announcements on a WED....lol

This is just comical, if it wasn't so sad. Over 32% increase on one sell and one buy at 0.47, yet. Just two days ago and buys were at 0.355 with no sells......... Laughable, if it wasn't so "in the face" obvious manipulation. And the authorities dont do anything. Surely this type of action must raise red flags ???

Now over 14% :-O

Up over 12% at open on no trades. A leak or just manipulation for some obscure reason?… lol

Interesting that during Mondays global sell off, RPG dropped nearly 10% to its lowest market cap yet. Yet ,after 2 days of global rallies, due to supposed serious investors around the world jumping back in.(God save the worlds financial markets from supposed professional investment idiots), RPG have not even budged........ LOL .

Roll on China..........Its now even closer to becoming a years delay.

Before the end of the year could mean tomorrow or Dec 31st. One would think they could be a little more specific on date after over 12 month of preparation, already.

Morning The.Italian.

Certainly agree the approval cost are factored in, but also could be as aresult of there still not being any FDA approval which may have helped reduce the approval process. Hence it could take another 3 years before any sales are seen given it took HK 2 years without any additional trials. It may take even longer if any trials are requested.

It could be that the license agreeement took a long time since the Japanese may have been waiting to see the FDA approval first whcih, as we know, has stagnated.

Although I dont know if this is correct, I would have thought having the FDA approval may have helped fastrack their own approval process since the Japanese and the US have pretty close links in many ways ?

I dont expect any movement tomorrow becasue of this, but who knows the workings of the Asian brain?...lol

Yup, as suspected, lowly negotiation fees....

Signature Payment

• A payment of US$500,000 (or approximately HK$3.90 million) following the

effective date of the Licence Agreement.

Development Milestone

• Upon the first commercial sale, Kobayashi shall make a payment of US$750,000

(or approximately HK$5.85 million).

Commercial Milestones

• A possible payment of up to US$300,000 (or approximately HK$2.34 million) in

total upon achievement of certain annual net sales milestones, dependent on the

net sales achieved by Kobayashi.

Or maybe they spelt Kobayashi wrong....Isnt she a p-o-r-n star .....lol